Office for sale in The Parade, Neath SA11

Offers over £750,000 (£39.59/sq. ft)
18,944 sq. ft*
Interested in this property? Call +44 1792 925826 * or Request Details

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Property description

Location
Located at the junction of The Parade and Maes-yr-Haf Road within the main retail area of Neath. Neath mainline station and bus station are directly to the south-west of the building. Local occupiers include NatWest, Barclays Bank, New Look, Next and Marks & Spencer and Specsavers.
Neath is approximately 10 miles east of Swansea, with a population of approximately 46,000. It has excellent road communications via Junctions 42 and 43 of the M4, and Cardiff is about 40 miles south east. Direct rail services to London Paddington take approximately three hours.
Description
The property consists of four A3 retailunits on teh ground floor and 14,278 sqft of moddern office accommodation arranged over the first, second and third floors. The third floor office is in shell condition leaving optins for further development. There is a small service yard to the rear of the building.
In 2010 a substantial refurbishment programme was completed which included new cladding to the exterior of the building, double glazing, new roof and insulation, new shopfronts to the four retail units, WC accommodation on ground, first and second floors, disabled WC accommodation, shower facility on ground floor, first and second floor kitchens, CAT2 and emergency lighting, decoration and heavy duty carpet tiles throughout.
Tenure
The property is held on a 125 year lease from 13th July 2007. The ground rent payable is 33,625 p.A.
Amenities
Air conditioning, fully accessible raised flooring, dda compliant, passenger lift to all floors, large reception area, vdu compatible lighting, breeam rating "Very Good", shower facilit and CCTV, fire and burglar alarm systems.
Accommodation
Please see enclosed details.
Price
We are instructed to seek offers in excess of £750,000 for the long leasehold interest, subject to contract and exclusive of VAT.
A purchase at this levels reflects a low capital value of £39.60 per square foot. The property is held within an spv and the sale of the company would be considered.

EPC


Available on request.

VAT


The property is elected for VAT.

Nearby transport

  • Neath (0.1 miles)
  • Skewen (1.7 miles)
  • Briton Ferry (1.8 miles)
  • Cardiff Airport (27.1 miles)
  • Bristol Airport (50.7 miles)
  • Exeter International Airport (66.4 miles)
  • Swansea Queens Dock Ferry Terminal (6.2 miles)
  • Barry Waterfront Ferry Terminal (29.3 miles)
  • Cardiff Castle Waterbus Stop (29.5 miles)

Nearby schools

View all schools in Neath Port Talbot
  • St Joseph's R.C. (25.0 miles)
  • Sofrydd C.P. School (29.2 miles)
  • Sofrydd Primary (29.2 miles)
  • West Somerset College (35.5 miles)
  • North Somerset Enterprise and Technology College (43.6 miles)
  • The Kings of Wessex Academy (51.8 miles)
  • Alderman Davies CIW Primary School (0.2 miles)
  • Dwr Y Felin Comprehensive School (0.3 miles)
  • YGG Castell-nedd (0.4 miles)
Note: Distance is shown as a straight line measurement

Local info for Neath Port Talbot

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Rowland Jones Chartered Surveyors, SA1 on +44 1792 925826 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Rowland Jones Chartered Surveyors, and do not constitute property particulars. Please contact Rowland Jones Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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